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U.S. stocks saw mixed results on Wednesday as October's consumer price index met expectations, bolstering predictions of a December interest rate cut by the Federal Reserve. The CPI's 0.2% rise, aligning with forecasts, pushed trader bets for a rate cut above 80%.
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The Sensex and Nifty have dropped 10% from peaks on September 27, resulting in the indices entering the technical corrective phase. When an index falls 10% from its peak in a short span, it's considered a correction. A 20% decline makes it a bear phase.
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This follows CFM offering 78 crore to take over Carnival's 1,290 crore debt from rival JC Flowers ARC, which did not get any challenging bid by the October 31 deadline, people familiar with the matter said.
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News and Media
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